Mon12112017

LAST_UPDATEMon, 11 Dec 2017 3pm

Bitcoin Drops After Dramatic Gains Ahead Of Futures Launch

LONDON/NEW YORK: Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

Read more: Bitcoin Drops After Dramatic Gains Ahead Of Futures Launch

Things You Might Not Know About Ballistic Bitcoin

Pic: Reuters

LONDON: Bitcoin rocketed to another record high close of US$16,000 on the Luxembourg-based Bitstamp exchange on Thursday after gaining more than US$4,000 in just 48 hours, stoking concerns that a rapidly swelling bubble could be set to burst.

Read more: Things You Might Not Know About Ballistic Bitcoin

Bitcoin Plummets More Than 12 Percent To Below $15,000

Pic: ReutersTOKYO: Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000 earlier in the session.

Read more: Bitcoin Plummets More Than 12 Percent To Below $15,000

Moody’s Affirms Malaysia’s A3 Rating With Stable Outlook

KUALA LUMPUR: Moody’s Investors Service (Moody’s) today affirmed the government’s local and foreign currency issuer and senior unsecured bond ratings at A3 with stable outlook.

Read more: Moody’s Affirms Malaysia’s A3 Rating With Stable Outlook

Malaysia Heading Towards Next Wave Of E-Payment

KUALA LUMPUR: Malaysia is on the brink of the next wave of e-payment transformation, driven by the high penetration of mobile phones.

Read more: Malaysia Heading Towards Next Wave Of E-Payment

Bangladesh Bank, NY Fed Discuss Suing Manila Bank For Heist Damages

Pic: ReutersDHAKA: Bangladesh’s central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world’s biggest cyber-heists, several sources said.

Read more: Bangladesh Bank, NY Fed Discuss Suing Manila Bank For Heist Damages

Deutsche Bank Says More Regulation Of Cryptocurrencies Needed

Pic: ReutersBERLIN: More regulation and some degree of security are needed to make cryptocurrencies such as bitcoin a serious new asset class for investors, Deutsche Bank Chief Investment Officer Christian Nolting said.

Read more: Deutsche Bank Says More Regulation Of Cryptocurrencies Needed

Samsung To Be Hit With $388m Of Extra Corporate Tax In 2018

Samsung Electronics is set to be hit with a significant corporate tax increase next year, with the Seoul-based company being expected to pay an additional $388 million (425.3 billion won) based on the latest changes to South Korea’s legal framework regulating corporate income.

Read more: Samsung To Be Hit With $388m Of Extra Corporate Tax In 2018

Volcano Threatens Bali's Tourism Industry

Pic: VOA

JAKARTA — Mount Agung, an active volcano on the Indonesian island of Bali, appears ready to erupt after months of ominous steaming.

Read more: Volcano Threatens Bali's Tourism Industry

Ringgit Opens Flat Against US Dollar

KUALA LUMPUR  -- The ringgit opened flat against the US dollar this morning on subdued demand for the local currency and as the greenback strengthened on continued tax reform bill optimism, dealers said.

Read more: Ringgit Opens Flat Against US Dollar